The largest single-day outflow of the U.S. Bitcoin spot ETF in 90 days

2024-08-04 10:00:07

ChainCatcher news, according to The Block, the U.S. Bitcoin spot ETF experienced its largest single-day outflow in over 90 days (more than 60 trading days) on Friday, August 2, since May 1.

The total outflow for the day on August 2 was $237.45 million, marking the fourth highest single-day outflow since the launch of the spot Bitcoin ETF in January. The total outflow on May 1 was $563.77 million.

Although the single-day outflow was significant, the total trading volume was relatively unremarkable. Despite Bitcoin's price continuing to decline to the $60,000 mark, the total net asset value of all ETFs remained close to historical highs.

Source

Risk warning

Column Bitcoin ETF new updates

Despite mixed and contradictory news regarding the approval process of BlackRock's Bitcoin spot ETF, the market has entered a new round of frenzy as Bitcoin briefly surpassed the $35,000 mark. Will there be further reversals? What other news should be noted?